Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Rule 4120 To Correct a Citation, 18600-18601 [2018-08849]
Download as PDF
<![CDATA[
18600
Federal Register / Vol. 83, No. 82 / Friday, April 27, 2018 / Notices
This data collection effort will enable
program officers to longitudinally
monitor outputs and outcomes given the
unique goals and purpose of their
programs. This is very important to
enable appropriate and accurate
evidence-based management of the
programs and to determine whether or
not the specific goals of the programs
are being met.
Grantees will be invited to submit this
information on a periodic basis via data
collection methods that include but are
not limited to online surveys,
interviews, phone interviews, etc. These
indicators are both quantitative and
descriptive and may include, for
example, the characteristics of project
personnel and students; sources of
complementary cash and in-kind
support to the ENG project;
characteristics of industrial and/or other
sector participation; research activities;
education activities; knowledge transfer
activities; patents, licenses;
publications; descriptions of significant
advances and other outcomes of the
ENG-funded effort.
Use of the Information: The data
collected will be used for NSF internal
reports, historical data, program level
studies and evaluations, and for
securing future funding for the ENG
program maintenance and growth.
These data could be used for program
evaluation purposes if deemed
necessary for a particular program.
Evaluation designs could make use of
metadata associated with the award, and
other characteristics to identify a
comparison group to evaluate the
impact of the program funding and
other interesting research questions.
ESTIMATE OF BURDEN
Annual
number
of hours/
respondents
Number of
respondents
Collection title
Annual hour
burden
Grant Opportunities for Academic Liaison with Industry (GOALI) ..............................................
Innovation Corps (I-Corps) Longitudinal Collection .....................................................................
Innovation Corps (I-Corps) Pre-Course Survey Questionnaire ...................................................
Innovation Corps (I-Corps) Post-Course Survey Questionnaire .................................................
Partnerships for Innovation: Accelerating Innovation Research (PFI:AIR) .................................
Partnerships for Innovation: Building Innovation Capacity (PFI:BIC) .........................................
Small Business Innovation Research (SBIR)/Small Business Technology Transfer (STTR) .....
SBIR Baseline Monitoring Survey ...............................................................................................
200
700
800
800
200
30
800
800
1
1
.5
.5
1
1
2
2
200
700
400
400
200
30
1,600
1,600
Total ......................................................................................................................................
4,430
8.5
4,880
Respondents: The respondents are
PIs, partners or students. For some
programs (I-Corps) the burden already
includes a response from 3 members of
the team in the pre- and post surveys.
For all others, one PI or assignee per
award completes the questionnaire.
Estimated Number of Responses per
Report: One.
Dated: April 23, 2018.
Suzanne H. Plimpton,
Reports Clearance Officer, National Science
Foundation.
[FR Doc. 2018–08863 Filed 4–26–18; 8:45 am]
BILLING CODE 7555–01–P
[Release No. 34–83091; File No. SR–
NASDAQ–2018–029]
*
daltland on DSKBBV9HB2PROD with NOTICES
Self-Regulatory Organizations; The
Nasdaq Stock Market LLC; Notice of
Filing and Immediate Effectiveness of
Proposed Rule Change to Rule 4120 To
Correct a Citation
April 23, 2018.
Pursuant to Section 19(b)(1) of the
Securities Exchange Act of 1934
(‘‘Act’’),1 and Rule 19b–4 thereunder,2
2 17
U.S.C. 78s(b)(1).
CFR 240.19b–4.
VerDate Sep<11>2014
18:18 Apr 26, 2018
Jkt 244001
I. Self-Regulatory Organization’s
Statement of the Terms of Substance of
the Proposed Rule Change
The Exchange proposes to change
Rule 4120 to correct a citation.
The text of the proposed rule change
is set forth below. Proposed new
language is italicized; deleted text is in
brackets.
SECURITIES AND EXCHANGE
COMMISSION
1 15
notice is hereby given that on April 11,
2018, The Nasdaq Stock Market LLC
(‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the
Securities and Exchange Commission
(‘‘Commission’’) the proposed rule
change as described in Items I and II
below, which Items have been prepared
by the Exchange. The Commission is
publishing this notice to solicit
comments on the proposed rule change
from interested persons.
*
*
*
*
4120. Limit Up-Limit Down Plan and
Trading Halts
(a)–(b) No change.
(c) Procedure for Initiating and
Terminating a Trading Halt
(1)–(8) No change.
(9) For purposes of this Rule and Rule
4753, the process for halting and initial
pricing of a security that is the subject of an
initial public offering shall also be available
for the initial pricing of any other security
that has not been listed on a national
securities exchange or traded in the over-the-
PO 00000
Frm 00100
Fmt 4703
Sfmt 4703
counter market pursuant to FINRA Form 211
immediately prior to the initial pricing,
provided that a broker-dealer serving in the
role of financial advisor to the issuer of the
securities being listed is willing to perform
the functions under Rule 4120(c)[(7)(B)](8)
that are performed by an underwriter with
respect to an initial public offering.
(10) No change.
*
*
*
*
*
II. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
In its filing with the Commission, the
Exchange included statements
concerning the purpose of and basis for
the proposed rule change and discussed
any comments it received on the
proposed rule change. The text of these
statements may be examined at the
places specified in Item IV below. The
Exchange has prepared summaries, set
forth in sections A, B, and C below, of
the most significant aspects of such
statements.
A. Self-Regulatory Organization’s
Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule
Change
1. Purpose
Nasdaq is proposing to correct a rule
reference found in Rule 4120.
E:\FR\FM\27APN1.SGM
27APN1
Federal Register / Vol. 83, No. 82 / Friday, April 27, 2018 / Notices
In 2014, Nasdaq amended Rule
4120(c) to modify the parameters for
releasing securities for trading upon the
termination of a trading halt in a
security that is the subject of an initial
public offering.3 As part of this
amendment, Nasdaq modified the
functions that are performed by an
underwriter under former Rule
4120(c)(7)(B) with respect to an initial
public offering and renumbered such
rule to Rule 4120(c)(8). However,
Nasdaq inadvertently did not update a
reference in Rule 4120(c)(9) to former
Rule 4120(c)(7)(B) to reflect such
renumbering.
Accordingly, Nasdaq proposes to
amend the reference in Rule 4120(c)(9)
to correctly cite to Rule 4120(c)(8).
2. Statutory Basis
The Exchange believes that its
proposal is consistent with Section 6(b)
of the Act,4 in general, and furthers the
objectives of Section 6(b)(5) of the Act,5
in particular, in that it is designed to
promote just and equitable principles of
trade, to remove impediments to and
perfect the mechanism of a free and
open market and a national market
system, and, in general to protect
investors and the public interest. The
proposed rule change is consistent with
these provisions in that it will eliminate
confusion about Nasdaq rules by
updating an inaccurate cross-reference,
without changing the substance of the
rules.
B. Self-Regulatory Organization’s
Statement on Burden on Competition
The Exchange does not believe that
the proposed rule change will impose
any burden on competition not
necessary or appropriate in furtherance
of the purposes of the Act. The
proposed rule change will have no
impact on competition as it merely
eliminates potential confusion by
clarifying the existing rule without
changing its substance.
daltland on DSKBBV9HB2PROD with NOTICES
C. Self-Regulatory Organization’s
Statement on Comments on the
Proposed Rule Change Received From
Members, Participants, or Others
No written comments were either
solicited or received.
III. Date of Effectiveness of the
Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule
change does not: (i) Significantly affect
3 Securities Exchange Act Release No. 73399
(October 21, 2014), 79 FR 63981 (October 27, 2014)
(approving SR–NASDAQ–2014–81).
4 15 U.S.C. 78f(b).
5 15 U.S.C. 78f(b)(5).
VerDate Sep<11>2014
18:18 Apr 26, 2018
Jkt 244001
the protection of investors or the public
interest; (ii) impose any significant
burden on competition; and (iii) become
operative for 30 days from the date on
which it was filed, or such shorter time
as the Commission may designate, it has
become effective pursuant to Section
19(b)(3)(A) of the Act 6 and Rule 19b–
4(f)(6) thereunder.7
A proposed rule change filed
pursuant to Rule 19b–4(f)(6) under the
Act 8 normally does not become
operative for 30 days after the date of its
filing. However, Rule 19b–4(f)(6)(iii) 9
permits the Commission to designate a
shorter time if such action is consistent
with the protection of investors and the
public interest. The Exchange has asked
the Commission to waive the 30-day
operative delay so that the proposal may
become operative immediately upon
filing. Waiver of the operative delay
would allow the Exchange to
immediately correct a rule reference and
thus eliminate any potential confusion
caused by the currently incorrect rule
reference. The Commission believes that
waiver of the 30-day operative delay is
consistent with the protection of
investors and the public interest.
Therefore, the Commission hereby
waives the 30-day operative delay and
designates the proposal operative upon
filing.10
At any time within 60 days of the
filing of the proposed rule change, the
Commission summarily may
temporarily suspend such rule change if
it appears to the Commission that such
action is necessary or appropriate in the
public interest, for the protection of
investors, or otherwise in furtherance of
the purposes of the Act. If the
Commission takes such action, the
Commission shall institute proceedings
to determine whether the proposed rule
change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to
submit written data, views, and
arguments concerning the foregoing,
including whether the proposed rule
6 15
U.S.C. 78s(b)(3)(A).
CFR 240.19b–4(f)(6). As required under Rule
19b–4(f)(6)(iii), the Exchange provided the
Commission with written notice of its intent to file
the proposed rule change, along with a brief
description and the text of the proposed rule
change, at least five business days prior to the date
of filing of the proposed rule change, or such
shorter time as designated by the Commission.
8 17 CFR 240.19b–4(f)(6).
9 17 CFR 240.19b–4(f)(6)(iii).
10 For purposes only of waiving the 30-day
operative delay, the Commission has also
considered the proposed rule’s impact on
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f).
7 17
PO 00000
Frm 00101
Fmt 4703
Sfmt 9990
18601
change is consistent with the Act.
Comments may be submitted by any of
the following methods:
Electronic Comments
• Use the Commission’s internet
comment form (https://www.sec.gov/
rules/sro.shtml); or
• Send an email to rule-comments@
sec.gov. Please include File Number SR–
NASDAQ–2018–029 on the subject line.
Paper Comments
• Send paper comments in triplicate
to Secretary, Securities and Exchange
Commission, 100 F Street NE,
Washington, DC 20549–1090.
All submissions should refer to File
Number SR–NASDAQ–2018–029. This
file number should be included on the
subject line if email is used. To help the
Commission process and review your
comments more efficiently, please use
only one method. The Commission will
post all comments on the Commission’s
internet website (https://www.sec.gov/
rules/sro.shtml). Copies of the
submission, all subsequent
amendments, all written statements
with respect to the proposed rule
change that are filed with the
Commission, and all written
communications relating to the
proposed rule change between the
Commission and any person, other than
those that may be withheld from the
public in accordance with the
provisions of 5 U.S.C. 552, will be
available for website viewing and
printing in the Commission’s Public
Reference Room, 100 F Street NE,
Washington, DC 20549, on official
business days between the hours of
10:00 a.m. and 3:00 p.m. Copies of the
filing also will be available for
inspection and copying at the principal
office of the Exchange. All comments
received will be posted without change.
Persons submitting comments are
cautioned that we do not redact or edit
personal identifying information from
comment submissions. You should
submit only information that you wish
to make available publicly. All
submissions should refer to File
Number SR–NASDAQ–2018–029 and
should be submitted on or before May
18, 2018.
For the Commission, by the Division of
Trading and Markets, pursuant to delegated
authority.11
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018–08849 Filed 4–26–18; 8:45 am]
BILLING CODE 8011–01–P
11 17
E:\FR\FM\27APN1.SGM
CFR 200.30–3(a)(12).
27APN1
]]>Agencies
[Federal Register Volume 83, Number 82 (Friday, April 27, 2018)]
[Notices]
[Pages 18600-18601]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-08849]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-83091; File No. SR-NASDAQ-2018-029]
Self-Regulatory Organizations; The Nasdaq Stock Market LLC;
Notice of Filing and Immediate Effectiveness of Proposed Rule Change to
Rule 4120 To Correct a Citation
April 23, 2018.
Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934
(``Act''),\1\ and Rule 19b-4 thereunder,\2\ notice is hereby given that
on April 11, 2018, The Nasdaq Stock Market LLC (``Nasdaq'' or
``Exchange'') filed with the Securities and Exchange Commission
(``Commission'') the proposed rule change as described in Items I and
II below, which Items have been prepared by the Exchange. The
Commission is publishing this notice to solicit comments on the
proposed rule change from interested persons.
---------------------------------------------------------------------------
\1\ 15 U.S.C. 78s(b)(1).
\2\ 17 CFR 240.19b-4.
---------------------------------------------------------------------------
I. Self-Regulatory Organization's Statement of the Terms of Substance
of the Proposed Rule Change
The Exchange proposes to change Rule 4120 to correct a citation.
The text of the proposed rule change is set forth below. Proposed
new language is italicized; deleted text is in brackets.
* * * * *
4120. Limit Up-Limit Down Plan and Trading Halts
(a)-(b) No change.
(c) Procedure for Initiating and Terminating a Trading Halt
(1)-(8) No change.
(9) For purposes of this Rule and Rule 4753, the process for
halting and initial pricing of a security that is the subject of an
initial public offering shall also be available for the initial
pricing of any other security that has not been listed on a national
securities exchange or traded in the over-the-counter market
pursuant to FINRA Form 211 immediately prior to the initial pricing,
provided that a broker-dealer serving in the role of financial
advisor to the issuer of the securities being listed is willing to
perform the functions under Rule 4120(c)[(7)(B)](8) that are
performed by an underwriter with respect to an initial public
offering.
(10) No change.
* * * * *
II. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
In its filing with the Commission, the Exchange included statements
concerning the purpose of and basis for the proposed rule change and
discussed any comments it received on the proposed rule change. The
text of these statements may be examined at the places specified in
Item IV below. The Exchange has prepared summaries, set forth in
sections A, B, and C below, of the most significant aspects of such
statements.
A. Self-Regulatory Organization's Statement of the Purpose of, and
Statutory Basis for, the Proposed Rule Change
1. Purpose
Nasdaq is proposing to correct a rule reference found in Rule 4120.
[[Page 18601]]
In 2014, Nasdaq amended Rule 4120(c) to modify the parameters for
releasing securities for trading upon the termination of a trading halt
in a security that is the subject of an initial public offering.\3\ As
part of this amendment, Nasdaq modified the functions that are
performed by an underwriter under former Rule 4120(c)(7)(B) with
respect to an initial public offering and renumbered such rule to Rule
4120(c)(8). However, Nasdaq inadvertently did not update a reference in
Rule 4120(c)(9) to former Rule 4120(c)(7)(B) to reflect such
renumbering.
---------------------------------------------------------------------------
\3\ Securities Exchange Act Release No. 73399 (October 21,
2014), 79 FR 63981 (October 27, 2014) (approving SR-NASDAQ-2014-81).
---------------------------------------------------------------------------
Accordingly, Nasdaq proposes to amend the reference in Rule
4120(c)(9) to correctly cite to Rule 4120(c)(8).
2. Statutory Basis
The Exchange believes that its proposal is consistent with Section
6(b) of the Act,\4\ in general, and furthers the objectives of Section
6(b)(5) of the Act,\5\ in particular, in that it is designed to promote
just and equitable principles of trade, to remove impediments to and
perfect the mechanism of a free and open market and a national market
system, and, in general to protect investors and the public interest.
The proposed rule change is consistent with these provisions in that it
will eliminate confusion about Nasdaq rules by updating an inaccurate
cross-reference, without changing the substance of the rules.
---------------------------------------------------------------------------
\4\ 15 U.S.C. 78f(b).
\5\ 15 U.S.C. 78f(b)(5).
---------------------------------------------------------------------------
B. Self-Regulatory Organization's Statement on Burden on Competition
The Exchange does not believe that the proposed rule change will
impose any burden on competition not necessary or appropriate in
furtherance of the purposes of the Act. The proposed rule change will
have no impact on competition as it merely eliminates potential
confusion by clarifying the existing rule without changing its
substance.
C. Self-Regulatory Organization's Statement on Comments on the Proposed
Rule Change Received From Members, Participants, or Others
No written comments were either solicited or received.
III. Date of Effectiveness of the Proposed Rule Change and Timing for
Commission Action
Because the foregoing proposed rule change does not: (i)
Significantly affect the protection of investors or the public
interest; (ii) impose any significant burden on competition; and (iii)
become operative for 30 days from the date on which it was filed, or
such shorter time as the Commission may designate, it has become
effective pursuant to Section 19(b)(3)(A) of the Act \6\ and Rule 19b-
4(f)(6) thereunder.\7\
---------------------------------------------------------------------------
\6\ 15 U.S.C. 78s(b)(3)(A).
\7\ 17 CFR 240.19b-4(f)(6). As required under Rule 19b-
4(f)(6)(iii), the Exchange provided the Commission with written
notice of its intent to file the proposed rule change, along with a
brief description and the text of the proposed rule change, at least
five business days prior to the date of filing of the proposed rule
change, or such shorter time as designated by the Commission.
---------------------------------------------------------------------------
A proposed rule change filed pursuant to Rule 19b-4(f)(6) under the
Act \8\ normally does not become operative for 30 days after the date
of its filing. However, Rule 19b-4(f)(6)(iii) \9\ permits the
Commission to designate a shorter time if such action is consistent
with the protection of investors and the public interest. The Exchange
has asked the Commission to waive the 30-day operative delay so that
the proposal may become operative immediately upon filing. Waiver of
the operative delay would allow the Exchange to immediately correct a
rule reference and thus eliminate any potential confusion caused by the
currently incorrect rule reference. The Commission believes that waiver
of the 30-day operative delay is consistent with the protection of
investors and the public interest. Therefore, the Commission hereby
waives the 30-day operative delay and designates the proposal operative
upon filing.\10\
---------------------------------------------------------------------------
\8\ 17 CFR 240.19b-4(f)(6).
\9\ 17 CFR 240.19b-4(f)(6)(iii).
\10\ For purposes only of waiving the 30-day operative delay,
the Commission has also considered the proposed rule's impact on
efficiency, competition, and capital formation. See 15 U.S.C.
78c(f).
---------------------------------------------------------------------------
At any time within 60 days of the filing of the proposed rule
change, the Commission summarily may temporarily suspend such rule
change if it appears to the Commission that such action is necessary or
appropriate in the public interest, for the protection of investors, or
otherwise in furtherance of the purposes of the Act. If the Commission
takes such action, the Commission shall institute proceedings to
determine whether the proposed rule change should be approved or
disapproved.
IV. Solicitation of Comments
Interested persons are invited to submit written data, views, and
arguments concerning the foregoing, including whether the proposed rule
change is consistent with the Act. Comments may be submitted by any of
the following methods:
Electronic Comments
Use the Commission's internet comment form (https://www.sec.gov/rules/sro.shtml); or
Send an email to [email protected]. Please include
File Number SR-NASDAQ-2018-029 on the subject line.
Paper Comments
Send paper comments in triplicate to Secretary, Securities
and Exchange Commission, 100 F Street NE, Washington, DC 20549-1090.
All submissions should refer to File Number SR-NASDAQ-2018-029. This
file number should be included on the subject line if email is used. To
help the Commission process and review your comments more efficiently,
please use only one method. The Commission will post all comments on
the Commission's internet website (https://www.sec.gov/rules/sro.shtml).
Copies of the submission, all subsequent amendments, all written
statements with respect to the proposed rule change that are filed with
the Commission, and all written communications relating to the proposed
rule change between the Commission and any person, other than those
that may be withheld from the public in accordance with the provisions
of 5 U.S.C. 552, will be available for website viewing and printing in
the Commission's Public Reference Room, 100 F Street NE, Washington, DC
20549, on official business days between the hours of 10:00 a.m. and
3:00 p.m. Copies of the filing also will be available for inspection
and copying at the principal office of the Exchange. All comments
received will be posted without change. Persons submitting comments are
cautioned that we do not redact or edit personal identifying
information from comment submissions. You should submit only
information that you wish to make available publicly. All submissions
should refer to File Number SR-NASDAQ-2018-029 and should be submitted
on or before May 18, 2018.
For the Commission, by the Division of Trading and Markets,
pursuant to delegated authority.\11\
---------------------------------------------------------------------------
\11\ 17 CFR 200.30-3(a)(12).
---------------------------------------------------------------------------
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-08849 Filed 4-26-18; 8:45 am]
BILLING CODE 8011-01-P
